5002 5th Avenue

Sunset Park

$6,499,000
Price
Beds
4
Baths
7,400 Sq. Ft.
$878 / Sq. Ft.
7,400
Sq. Ft.
$878
per Sq. Ft.

Description

Welcome to this Solid brick construction semi-detached 2-family and 5-store in Sunset Park. Attention Investors. I am excited to present a prime investment opportunity located in the highly visible and heavily trafficked Sunset Park area. This property sits on a 30 x 100 lot and is a corner property featuring a mixed-use building with 5 stores and 2 residential units. Situated in the bustling 5th Avenue business district, this property offers exceptional exposure and foot traffic. Property Highlights...Welcome to this Solid brick construction semi-detached 2-family and 5-store in Sunset Park. Attention Investors. I am excited to present a prime investment opportunity located in the highly visible and heavily trafficked Sunset Park area. This property sits on a 30 x 100 lot and is a corner property featuring a mixed-use building with 5 stores and 2 residential units. Situated in the bustling 5th Avenue business district, this property offers exceptional exposure and foot traffic. Property Highlights mixed-use building: Comprising 5 retail stores and 2 residential units. Located on a prominent corner in a high traffic area. The current rent rolls: Net Operating Income (NOI) is approximately $358,749.40 annually. Convenient located close to public transportation, including the R train, and just a few minutes from Brooklyn’s Chinatown on 8th Avenue. The amenities include easy access to shopping, grocery stores, restaurants, and more. This property is a rare find in Sunset Park and offers great potential for both retail and residential income. With its strategic location and substantial NOI, it presents an outstanding investment opportunity. For more information or to schedule a viewing, please contact me at your earliest convenience. Don’t miss out on this exceptional investment opportunity!
  1. Listed by Kun (John) Wu • Century 21 Realty First
  2. Listed by Jin Xiu (Sue Li) Li Chen • Century 21 Realty First

Amenities

  • Walk Up
  • Parking Included
  • Lowrise
LISTING UPDATED: 09/10/2024 03:09 PM

Property Details for 5002 5th Avenue

StatusActive
MLS ID484018
Days on Market93
Taxes$56,396 / year
Maintenance-
Min. Down Pymt-
Total Rooms0.0
Compass TypeMixed Use
MLS TypeMixed Use
Year Built1931
Lot Size3,000 SF / 30' x 100'
CountyKings County

Building

5002 5th Ave

6 Units3 StoriesBuilt in 1931

Building Information for 5002 5th Avenue

Stories3Residences6Year Built1931Lot Size3,000 SF / 30' x 100'Building Age-Building Type-

Property Information for 5002 5th Avenue

Summary
Location and General Information
  • Block: 791
  • Number Of Stories: 5
  • Cross Street Name: 50th St
  • Cross Street Name: 51st St
  • Zoning: C4-3A
  • Roof: Flat
  • Water Front Present YN: No
Parking
  • Parking Attributes: None
  • Parking Feature Single: None
Taxes and HOA Information
  • Financing: 1031 Exchange, Bank Mortgage, Cash
  • Tax Amount: 56396.0
  • Gross Expense: 39137.6
  • Gross Income: $407,887.00
  • Cap Rate: .06%
  • Gross Lease: 407887.0
Property
Lot Information
  • Lot Dimensions: 30x100
  • Sq Ft Total: 7400
  • Yard: None
  • Lot Number: 38
  • Lot Size Irregular YN: No
  • Lot Size Length: 100
  • Lot Size Width: 30
Property and Assessments
  • Commercial Condo YN: No
Utilities
  • Heat Delivery: Steam/Radiator
  • Heating Fuel: Gas
  • Hot Water: Gas
Interior and Exterior Features
Interior Features
  • Basement Amenities: Full, Semi-Finished
  • Commercial Features Interior: None
  • Foundation Details: Poured Concrete
  • Flooring: Ceramic, Concrete, Granite, Tile
  • Unit Count: 0
  • Lavatories: 4+
  • Construction Materials: Masonry
  • Electric: 110 V, 200 Amp
  • Ceiling Height: 8-10 Foot
Exterior Features
  • Exterior: Brick
  • Commercial Features Exterior: None
  • Handicap Access YNU: No
Multi Family
Multi-Family Information
  • Building Footprint Sq Ft: 2250.0
  • Building Length: 75.0
  • Building Type: Semi-Detached
  • Building Width: 30.0
Agent
Agent Information
  • Net Operating Income: 358749.4
Sale and Listing
  • Sale Type: Arm's Length
Rental
Rental Information
  • Insurance Expense: 10000.0
  • Certificate Of Occupancy YN: No
  • Owner Occupied: No

Property History for 5002 5th Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 5002 5th Avenue

This home is within Nyc Geog District #15 - Brooklyn.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Public - PK to 2
Rating
School
Distance
P.S. 1 The Bergen
PublicPK to 5

Sunset Park Prep
Public6 to 8

Sunset Park High School
Public9 to 12

School Of Creativity-Innovation
PublicPK to 2

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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5002 5th Avenue is a mixed use property for sale in Sunset Park. This property was listed for sale on June 19, 2024 by Century 21 Realty First, it's currently listed at $6,499,000. This listing's school district is Nyc Geog District #15 - Brooklyn. Nearby schools include P.S. 1 The Bergen, Sunset Park Prep and Sunset Park High School. 5002 5th Avenue is a 0-bed, 4-bath, 7,400 sqft mixed use property built in 1931.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Century 21 Realty First

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